Shares of Vestis Corporation (VSTS) slipped over seven percent on Wednesday morning after the company announced the departure of its Financial Chief Kim Scott.
VSTS is currently trading at $10.10, down $0.82 or 7.55%, on the NYSE. The stock opened its trading at $10.37 after closing Tuesday at $10.92. The stock has traded between $8.92 and $19.76 in the past 52-week period.
Vestis has appointed Phillip Holloman as Interim Executive Chairman, President and Chief Executive Officer, effective immediately. Holloman succeeds Kim Scott, who has departed from the Company and the Vestis Board of Directors.
The Board has retained a leading executive search firm to assist with identifying Vestis' next President and CEO.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.